Slippage
The difference between the price you expected and the price you got. It is common in fast markets and around news.
In practice
A stop loss is set at 1.0800, but a surprise data release gaps price to 1.0790 before the order is filled. The trade closes 10 pips worse than planned.
Holding tight stops through major news. Slippage is most likely in the seconds around big releases.
Related terms
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A jump between one price and the next with no trading in between,…
News trading
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